Construction Loans

A construction project can help you get exactly what you want from your home. But it's not as easy to know exactly what you want from your financing. Bremer Mortgage is here to guide you toward the right solution and keep your project moving forward.

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Worry-free Financing

We aim to make your project as stress-free as possible with flexible financing packages designed by dedicated construction lending professionals. We can help you build your dream home, add more space for your growing family or fund your empty-nest remodel. Looking for the perfect lot to build your hunting or fishing home away from home? We're here for that too. 

How it Works

Our construction loans are structured like a low-interest, short-term line of credit. You draw on the line of credit to pay off costs throughout your project. Once it's complete, you pay off the construction loan with a long-term loan we've helped you select from a variety of permanent financing options.

What You Can Expect from Us

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Convenience

Ask a mortgage banker about the one-application, one-closing option for your new construction loan.

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Efficiency

A 72-hour turnaround on most draw requests keeps your project on schedule and close date locked in.

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Security

Secure your interest rate for up to 180 days to avoid increases before your project wraps up.

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Personal service

You'll work with one, and only one, of our expert mortgage bankers throughout your entire project.

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Tailored packages

Your banker works closely with you to design exactly the package you need.

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Flexible options

Throughout the construction process, you can make interest-only payments on your draws.

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Reliable financing

You can use your loan to finance up to 90 percent of your construction costs.

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Local approach

When construction is complete, your end loan (mortgage) is serviced by the local experts at Bremer.

What you need to get started

Before you start a loan request with your Bremer banker, you'll want to gather your credit documentation as well as:

  • Final plans and specifications needed to obtain an appraisal

  • Purchase contract for the lot

  • Scope of work

  • Sworn Construction Statement

  • Construction sales contract

  • Copy of builder's license